Technology

Tim Duncan, who was a key player in helping Elizabeth Warren form the Consumer Financial Protection Bureau, is launching a new mortgage company.

PennyMac is experiencing explosive growth in the correspondent channel.

Loan Value Group has begun to facilitate the delivery of government-funded principal reductions in an effort aimed at getting the relief to qualifying underwater borrowers in Arizona more quickly.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

There is a lot of attention focused on single-family homes by investors looking for a great cash flow with high appreciation potential over the next few years.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Patricia Rauch has joined appraisal technology provider Global DMS in the newly created position of chief operating officer.

GMH Mortgage, which has been hiring of late, is licensed in 14 states.

Mortgage hiring fell slightly but recruitment is up.

Increased regulatory scrutiny in recent years has included a greater focus on how mortgage-related assets such as servicing rights are recorded on the books.